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Indonesia: 2015 interest rate cut on SME loans

Description

On 26 June 2015, the Indonesian Ministry of Finance announced it would cut loan rates on micro loans for small and medium-sized businesses ("People's Business Credit") nearly by half from 22 to 12%....

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Intervention Details

Intervention Type

Interest payment subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

26 Oct 2015

Revocation date

31 Dec 2015

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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